Author: Arabian Media staff
Warren Buffett, 94, surprised investors earlier this month when he announced at Berkshire Hathaway’s shareholder meeting in Omaha, Nebraska, that his nearly 60-year career as CEO was ending. Buffett’s successor, Greg Abel, 62, will take the reins on Jan. 1, 2026, though Buffett will continue as chairman of Berkshire’s board.Buffett revealed his decision to step down as CEO in the final five minutes of a five-hour question-and-answer session. Now, new details have come to light about why Buffett decided to pass the torch to Abel—and it has to do with his age.”How do you know the day that you become…
In the weeks after the re-election of Donald Trump, the bosses of America’s tech champions worked hard to ingratiate themselves with the returning president, congratulating him publicly and dutifully turning up to his inauguration. Mark Zuckerberg, the boss of Meta, gushed that it was nice to have an administration that was “proud” of America’s tech champions. Source link
US President Donald Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2tn as part of his tour of the Gulf. President Trump also announced economic deals totalling more than $243.5bn between the United States and Qatar, including an historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways. The landmark deals will drive innovation and prosperity, said the Whitehouse in a statement. Donald Trump in Qatar Among the deals secured in Qatar were: Boeing and GE Aerospace secured a landmark order from Qatar Airways, a $96bn agreement to acquire up to 210…
The “slacker” generation is jaded and anxious once more. Source link
The morning after Elon Musk’s 2022 acquisition of Twitter (now X), reporters encountered two men with boxes outside the company’s headquarters. One introduced himself as recently laid-off Twitter engineer “Rahul Ligma.” His real name is Rahul Sonwalkar but the prank went viral. While he never worked for X, he is actually very much a techy. Sonwalker spent several years working as an engineer at Uber. He even went through Y Combinator at that time, working on a logistics startup that he later scrapped before pivoting. The now 27-year-old wants to draw attention to his more serious endeavor: Julius, the AI data analyst…
Coinbase CEO Brian Armstrong said in a social media post Thursday that a ransom note arrived via email asking for $20 million in Bitcoin in exchange for not releasing information hackers had obtained on Coinbase’s customers.”I’m going to respond publicly,” Armstrong said. “We are not going to pay ransom.”https://t.co/evpIBMFvRW pic.twitter.com/f6UPdkL5R0— Brian Armstrong (@brian_armstrong) May 15, 2025Armstrong said attackers had found a “weak link” customer service agent outside the U.S. who accepted a “bribe” and gave away personal data on customers.In a company blog post, Coinbase said it will reimburse customers tricked into sending funds to the attacker. Hackers received access…
For Gen Z shoppers in America, their country’s trade war with China is no longer just a headline. On April 25th Shein and Temu, two Chinese online emporiums popular among youngsters, announced they would be adjusting their prices in America. The cost of some goods sold by Shein subsequently shot up by more than 150%. Temu has added “import charges” that in some cases exceed the price of the item being purchased. Source link
Etihad Rail will launch its UAE passenger train service next year, according to a statement from the transport operator. When complete, the high-speed train is expected to contribute AED145bn ($39.5bn) to the UAE’s GDP over the next five decades. It will also slash travel time between Abu Dhabi and Dubai to just 30 minutes. Etihad Rail to launch passenger journeys in 2026 In a post on X, Etihad Rail said: “We’re honoured to have been hosted by H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, where H.H. Sheikh Hamdan received a delegation from Etihad Rail…
Collectively, the changes would make ACA coverage more expensive for nearly everyone and result in millions losing coverage, according to the nonpartisan Congressional Budget Office. Source link
Being a founder often feels like you’re building the plane midflight. You’re juggling fundraising, product-market fit, marketing strategy, hiring — while quietly wondering if you’re even doing it right. TechCrunch AllStage 2025, which is happening on July 15 at the SoWa Power Station in Boston, is built to answer those questions. Whether you’re pitching VCs, recruiting a killer team, or trying to make sense of your startup’s finances (and your own), All Stage offers actionable insights from people who’ve lived it. Expect main-stage conversations, deep-dive workshops, and tactical networking designed to help you scale with confidence. One of the voices…